Its construction is also considered noteworthy in that Wynn had set a new standard for Vegas resorts, and when it opened The Mirage was the first casino to use security cameras full-time on all table games. The hotel, with its erupting volcano and South Seas theme, ignited a $12 billion building boom on the Strip. The resort's high cost and emphasis on luxury meant that it was considered high risk at the time, though the project ended up being enormously lucrative. It was the first time Wynn was involved with the design and construction of a casino, and he financed the $630 million project largely with high-yield bonds issued by Michael Milken. Wynn's first major casino on the Las Vegas Strip was The Mirage, which opened in November 1989. See also: The Mirage, Treasure Island Hotel and Casino, and Bellagio (resort) Wynn's first major Strip casino was The Mirage, which was the first time Wynn was personally involved with the design and construction of a casino.
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